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Retire in comfort

Nationwide, reverse mortgages are helping individuals 62 and older access the equity in their homes to help them live comfortably.

What is a HECM

A Home Equity Conversion Mortgage (HECM), is commonly known as a reverse mortgage. It is a federally insured loan designed for homeowners over 62 and allows you to withdraw some of the equity in your home to give you the financial flexibility you need.

Autumn House

Benefits of a Reverse Mortgage

Enhanced Cash Flow

A reverse mortgage allows homeowners to convert a portion of their home equity into cash, providing a valuable source of funds for daily expenses, medical bills, home improvements, or other financial needs.

No Monthly Mortgage Payment

Unlike traditional mortgages, reverse mortgages typically do not require monthly mortgage payments. This can alleviate financial stress and improve cash flow for retirees on fixed incomes.

Homeownership Retention

Reverse mortgages enable homeowners to remain in their homes while accessing funds. This allows seniors to age in place and maintain the comfort and familiarity of their own residences.

Flexibility in Fund Utilization

Borrowers have the freedom to use the funds from a reverse mortgage as they see fit, whether it’s covering living expenses, paying off debts, or investing in a better quality of life during retirement.

Loan Non-Recourse Feature

Reverse mortgages are non-recourse loans, which means that borrowers or their heirs generally won’t be responsible for repaying more than the value of the home when it is sold.

Client Testimonials

Not only did a reverse mortgage help me get back my independence, but it also relieved me of a lot of stress which has allowed my health to improve.

Martha Martin

I wish I had known about reverse mortgages sooner. It has allowed me to pay off all my debts and have enough extra money to visit my grandkids.

Jerry Freeman

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Visit Us!

9:00 AM TO 5:00 PM (MONDAY – FRIDAY)

Our reverse mortgage experts will sit down with you and determine which program will best suit you and your needs. Call today to schedule your free consultation.

801-561-4700 info@utahmtg.com 488 E 6400 S #300
Salt Lake City, UT 84107

NMLS # 149160

We also offer forward mortgages. Feel free to check out our other website.

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